The Hindu Business Line : Financial Tech okays pref allotment to 2 FIIs

THE board of Financial Technologies (India) Ltd on Friday approved a preferential allotment of 28.75 lakh shares of Rs 2 each to foreign institutional investors - T Rowe Price International Inc and Goldman Sachs Investment (Mauritius) Ltd at a price of Rs 262 per share.

It has also upped its stake in IBS Forex Pvt Ltd from 23 per cent to 76 per cent.

IBS Forex Pvt Ltd runs FX Direct, a currency trading platform for the Interbank Foreign Exchange Trading. The company has convened an extra-ordinary general meeting on March 16, for shareholders' approval for the preferential allotment.

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